Friday, January 6, 2017

Roubini on Top Risks of 2017


Roubini - Trump's Isolationist Policy - 3 Jan 17





Roubini : Donald Trump’s election as President of the United States does not just represent a mounting populist backlash against globalization. It may also portend the end of Pax Americana – the international order of free exchange and shared security that the US and its allies built after World War II. That US-led global order has enabled 70 years of prosperity. It rests on market-oriented regimes of trade liberalization, increased capital mobility, and appropriate social-welfare policies; backed by American security guarantees in Europe, the Middle East, and Asia, through NATO and various other alliances.


Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

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